{"id":654864,"date":"2024-11-10T00:00:00","date_gmt":"2024-11-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/"},"modified":"2024-11-10T00:00:00","modified_gmt":"2024-11-10T00:00:00","slug":"oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/","title":{"rendered":"Oil Ministry gets the ball rolling on USD 530 mn sustainable aviation fuel project"},"content":{"rendered":"

Oil Ministry launches new company to pursue green aviation fuel ambitions: <\/strong>The Oil Ministry launched the Sustainable Aviation Fuel Production Company, which will invest USD 530 mn to develop production facilities and integrate the facility with other petroleum companies in Alexandria governorate, according to a ministry statement<\/a>. The project aims to produce 120k tons of sustainable aviation fuel (SAF) and reduce carbon emissions by 400k tons a year, after production kicks off \u201cwithin the next few years.\u201d<\/p>\n

We knew this coming: <\/strong>The ministry has been working on a plan<\/a> that will see state-owned firm Egyptian Petrochemicals Holding Company (ECHEM) producing the country\u2019s first SAFs, which a government source told us<\/a> should kick off in 2025 once the necessary studies are completed.<\/p>\n

The move dovetails with Honeywell wrapping up its SAF feasibility study:<\/strong> US multinational conglomerate Honeywell has finished its feasibility study with the European Bank of Reconstruction and Development for SAF production in Egypt, according to a separate statement<\/a> from the ministry.<\/p>\n

Sound smart: <\/strong>SAF is a biofuel used to power aircraft that is made from non-petroleum feedstock such as waste cooking oil<\/a>, animal fats, and non-food crops. It can reduce carbon emissions by up to 80%<\/a> compared to traditional jet fuel. Aviation was responsible for 2% of energy-related carbon emissions in 2022, the International Energy Agency\u2019s most recent figures<\/a> show.<\/p>\n

FYI: <\/strong>If you don\u2019t know your blue hydrogen from your green hydrogen or your biodiesel from your sustainable aviation fuel, you can check out our explainer on green fuels<\/a>.<\/p>\n

OUR TRADITIONAL HYDROCARBON SECTOR IS ALSO SET FOR A BOOST-<\/p>\n

Dana Gas to embark on USD 100 mn drilling project once gov\u2019t dues received: <\/strong>Emirati oil and gas giant Dana Gas is waiting for USD 24 mn out of a total USD 59 mn of outstanding dues owed by the government to be paid before it launches a USD 100 mn project to develop production, the company said in a statement (pdf)<\/a> accompanying its latest earnings release. The investment includes the drilling of 11 new wells and is expected to add 80 bn cbf of gas reserves, according to the company. <\/p>\n

The project could mean big savings for the state:<\/strong> The company claims the increased gas supplies from the project would save \u201cover USD 1 bn for Egypt\u2019s economy, reducing reliance on imported LNG and mazut for power generation.\u201d<\/p>\n

PLUS- Dragon Oil and the Oil Ministry look to AI to boost efficiency and sustainability:<\/strong> The UAE\u2019s Dragon Oil and the Oil Ministry inked a cooperation MoU to use AI in the company\u2019s operations in the Gulf of Suez, according to a ministry<\/a> statement. The agreement aims to enhance production efficiency, data analysis, and reservoir management in its offshore fields. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project aims to produce 120k tons of sustainable aviation fuel and reduce carbon emissions by 400k tons a year<\/p>\n","protected":false},"author":1,"featured_media":654865,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[110,925,93,72,874,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-dana-gas","tag-dragon-oil","tag-energy","tag-enterpriseam","tag-honeywell","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"8fd53fdc-ed59-4219-9f14-e3ab535b0640","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/764.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Oil Ministry kicks off USD 530 mn sustainable aviation fuel project","related_issue":[654859],"teaser":"The project aims to produce 120k tons of sustainable aviation fuel and reduce carbon emissions by 400k tons a year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.728f27ff-ae50-49c5-a02d-cdcecc24c06f.mp3"},"yoast_head":"\nOil Ministry gets the ball rolling on USD 530 mn sustainable aviation fuel project - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry gets the ball rolling on USD 530 mn sustainable aviation fuel project\" \/>\n<meta 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will invest USD 30 mn to drill four new wells in the Gulf of Suez\u2019s East Gemsa","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/382.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617003,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/our-first-green-aviation-fuel-project-is-in-the-works\/","url_meta":{"origin":654864,"position":1},"title":"Our first green aviation fuel project is in the works","author":"enterpriseam admin","date":"14 March 2024","format":false,"excerpt":"SAF is a biofuel used to power aircraft that is made from non-petroleum feedstock","rel":"","context":"In 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Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2261.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546189,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/oil-ministry-announces-launch-of-egypts-first-pilot-carbon-capture-project-with-eni-raft-of-other-green-energy-initiatives\/","url_meta":{"origin":654864,"position":3},"title":"Oil Ministry announces launch of Egypt\u2019s first pilot carbon capture project with Eni + raft of other green energy initiatives","author":"enterpriseam admin","date":"8 May 2022","format":false,"excerpt":"The Oil Ministry and Eni are implementing a pilot carbon capture project at the Italian energy firm\u2019s Meleiha concessions in the Western Desert, according to a ministry statement. The pilot project \u2014 which marks Egypt\u2019s first carbon capture initiative \u2014 is being implemented at a cost of USD 25 mn\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651224,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/new-project-to-produce-400k-tonnes-of-butane-oil-ministry\/","url_meta":{"origin":654864,"position":4},"title":"New project to produce 400k tonnes of butane -Oil Ministry","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"The Assiut Oil Refining Company (ASORC) is building a new EGP 187 mn project to produce butane at an annual rate of 400k tonnes, Oil Minister Tarek El Molla told Al Shorouk. The project will double ASORC\u2019s daily production from 60 tonnes to 120 tonnes, said Chairman Nagy Kassab, which\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":608690,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/network-of-food-logistic-hubs-planned-for-2024-plus-honeywell-x-egypt-aviation-fuel\/","url_meta":{"origin":654864,"position":5},"title":"Network of food logistic hubs planned for 2024. PLUS: Honeywell x Egypt aviation fuel","author":"enterpriseam admin","date":"24 October 2023","format":false,"excerpt":"The first phases of the project are set to kick off in 2024 and begin in Ismailia","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1180.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=654864"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654864\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/654859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654865"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654864"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654864"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}